Leading Global Insurtech BOXX Insurance to be Acquired by Zurich

Toronto, ON (July 3, 2025) – BOXX Insurance Inc., a global cyber Insurtech, is pleased to announce it has entered into an agreement to be acquired by Zurich Insurance Group, a leading global multi-line insurer. BOXX is known as the original all-in-one cyber insurance and protection company, serving customers across five continents. The transaction will see BOXX continue to operate as a standalone entity.

“Becoming part of Zurich provides us with the resources and global reach to accelerate our mission,” said Vishal Kundi, BOXX Insurance CEO and Co-Founder. “Combining the strengths of both organizations, will enable us to provide even more customers with the protection they need to navigate the digital world with confidence.”

Cara Morton, CEO Zurich Global Ventures, said: “We have had a very successful collaboration with BOXX since 2021, and I am thrilled to strengthen our partnership by welcoming BOXX to Zurich Global Ventures. BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier.”

BOXX will be integrated into Zurich Global Ventures (ZGV), accelerating its ambition to grow its cyber offering for retail and SME customers and expand the range of value-adding solutions with a global reach. BOXX will continue to operate under its brand. In addition to operating its own global businesses across Life Protection, Employee Benefits, and Travel, ZGV aims to deliver holistic, value-adding, and digital-first products and services – including those offered through BOXX – spanning prevention, protection, and recovery, and tailored to customers across retail and B2B2E.

Since its founding in 2018, BOXX has steadily expanded its geographic reach, now serving nearly one million customers across five continents with its innovative suite of Cyberboxx® products, including:

• Cyberboxx^® Business Edition: All-in-one solution that combines cyber insurance and cyber security services to protect small to medium-sized businesses.
• Cyberboxx^® Home Edition: All-in-one solution that combines cyber insurance and cyber security services to protect households.
• Cyberboxx^® Assist: Comprehensive suite of cyber security tools and services designed to help individuals and businesses predict, prevent and respond to cyber threats.

In November 2024, BOXX was recognized as ‘Insurtech of the Year’ by Insurance Business Canada.

“Digital usage is so ingrained in our daily lives,” added Vishal Kundi. “Our team of BOXXers are constantly exploring new and creative ways to further our mission of building digital resilience for individuals and businesses by integrating innovative cyber coverages and solutions to ensure our customers are protected online,” he continued.

This acquisition builds upon the recent investments, strategic hires and distribution partnerships with notable brands that BOXX has made, including the launch of Cyberboxx^® Assist, a significant expansion into the US market and the establishment of cyber solutions and services in markets across India, Europe and Australia.

Perella Weinberg Partners LP served as financial advisor to BOXX with Osler, Hoskin & Harcourt LLP acting as legal counsel.

About BOXX Insurance

BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats, harnessing the power of ALL IN ONE Cyber Insurance + Protection. Headquartered in Toronto, Canada, with offices worldwide, BOXX is a global, award-winning provider of cyber protection services & cyber insurance cover.

We’re not a typical insurance company. That’s by design. We’re obsessive about making our clients’ digital worlds safer and more liveable; creating real, positive changes for our clients, partners, and brokers. By thinking “inside-the-BOXX,” we’re trying to rewrite the rules of cyber protection. With comprehensive, technologically advanced products and services that have a strong emphasis on predicting, preventing, and insuring against negative cyber events, BOXX is dedicated to protecting and digitally safeguarding our clients, our brokers’ clients, and our partners’ customers, 365 days a year. For more information, visit boxxinsurance.com.

About Zurich Insurance Group

Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 75 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns. Reflecting its purpose to ‘create a brighter future together,’ Zurich offers protection services that go beyond traditional insurance to support its customers in building resilience. Since 2020, the Zurich Forest project supports reforestation and biodiversity restoration in Brazil’s Atlantic Forest.

The Group has more than 63,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN) is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. For more information, visit www.zurich.com.

SOURCE: BOXX Insurance

Tags: Acquisition, Boxx Insurance, InsurTech, Zurich